Indonesia: Telkom agrees to buy Malaysia’s TS Global Network for $26m

Indonesia: Telkom agrees to buy Malaysia’s TS Global Network for $26m

Indonesian state-owned telco firm, Telekomunikasi Indonesia, has agreed to acquire 70 per cent stake in Malaysian satellite operator TS Global Network (TSGN) for 108.5 million ringgit ($26 million), a filing to the Indonesian Stock Exchange revealed.

The deal, carried out by Telkom Indonesia’s subsidiary Telekomunikasi Indonesia International (Telin), will be subject to the approval of Malaysian authorities.

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